October 09 - 08:10
Telefónica close to $5.9 billion Germany fibre-optic deal - reports
Telefónica is reportedly closing in on a deal to build a fibre-optic network in Germany. The Spanish telecoms giant is set to agree terms with banks and an infrastructure investor, according to Reuters. The deal will be worth $5.9 billion and would see Telefónica change course from its mobile-first strategy in Germany. It currently operates under its O2 brand in the country.
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